Faegre Drinker Advises Lendway in Acquisition of Bloomia

A Faegre Drinker team led by corporate partners Joshua Colburn, Brittney Yocum and Nicole Leimer advised Lendway, Inc. in its acquisition of a majority ownership interest in Bloomia B.V., one of the largest producers of fresh-cut tulips in the United States. 

Lendway’s subsidiary acquired 100% of Bloomia’s ownership interests for approximately $47.5 million cash. Lendway now holds an 81.4% interest in that subsidiary and is its sole managing member. Werner Jansen, the continuing CEO of Bloomia, is the subsidiary’s only other member.

A cross-office, cross-practice team of attorneys supported Colburn, Yocum and Leimer on this deal, including corporate partners Lisa Pugh and George Martin and associates Ming Russell, Thomas Lowry, Vilena Nicolet, Noemi Aguirre, Nicholett Dabb and Reid Loftsgard; labor and employment partner Dan Prokott and associate Megan Childs Grant; intellectual property partner Robert Leonard and associate Joseph Decker; real estate counsel Scott Burns; and benefits and executive compensation associates Mark Rosenfeld and Inés Sosa.

Lendway is a specialty ag and finance company focused on making and managing its ag investments in the U.S. and internationally. Read Lendway’s press release for more information on the deal.